Answer: yes
Explanation: so you can hide them so no one can use them against you
Honesty and working hard.
Answer:
$118,000
Explanation:
Calculation to determine what Crane should report a pension asset / liability
Fair value of plan assets $740,000
Less Projected benefit obligation ($ 622,000)
Pension asset / liability $118,000
($740,000-$622,000)
Therefore Crane should report a pension asset / liability of $118,000
It would be a debit to FOH (Factory Overhead).
Your answer is C. Accumulated Depreciation will be credited. :D
